Zentron (H.K) Limited announced that it will issue 210,035,468 preferred shares at an issue price of HKD 3.22326512215 per share for gross proceeds of HKD 676,999,998.4188524 on July 3, 2023. The transaction will include participation from returning investor, Zenitron Corporation. The transaction has been approved by the board of directors of the company.

The company is expected to close the transaction between July 3, 2023 to July 31, 2023. The preferred shares is non-cumulative, non-convertible and perpetual with dividend yield of 0.1% per annum.